News

Maspex agrees to Tarczyn, Dr Witt acquisition with Agros Nova

Most popular

Why Diageo is winning the Tequila race

Will Diageo earn its gin wings with Aviation?

Anheuser-Busch InBev in 2020 - results preview

Spirits brand owners and their green efforts

Interview - Eminente rum brand director

MORE

Polish food and beverage group Maspex is to buy two drinks brands from Agros Nova Group for an undisclosed sum.

Maspex will take control of non-carbonated beverage brand Tarczyn and functional product brand Dr Witt, Agros Nova owner IK Investment Partners said. Agros Nova's parent will retain the Fortuna, Garden and Pysio non-carbonated brands as well as a production plant in Tymienice.

Agros Nova ranks third in the Polish non-carbonated beverages market including juices, nectars and fruit drinks. It also operates fruit and vegetable preserves and ready-made food brands and production facilities, which it is selling to Maspex.

“Maspex will guarantee long-term investments into brands, production sites as well as employees,” said Marek Sypek, CEO of Agros Nova. “I am particularly proud that the transaction will allow our employees to develop within the biggest food group in Central and Eastern Europe.”

Agros Nova acquired Dr Witt in 2004.


Related Content

"Health and safety is not incompatible with business continuity" - just-drinks speaks to Chivas Brot...

just-drinks' Mergers & Acquisitions database - January 2020 - FREE TO ACCESS

just-drinks' Mergers & Acquisitions database - January 2020 - FREE TO ACCESS...

Kirin set to offload Lion Dairy & Drinks

Kirin set to offload Lion Dairy & Drinks...

FREE TO ACCESS - How can drinks companies connect with Generation Z? - just-drinks FUTURES Vol.6

FREE TO ACCESS - How can drinks companies connect with Generation Z? - just-drinks FUTURES Vol.6 ...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?